SEC Form 4 · accession 0000814585-19-000012
MBIA INC · MBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher H. Young
Officer — Assistant Vice President
Period of report
Mar 5, 2019
Accepted (ET)
Mar 7, 2019 · 6:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000814585
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 5, 2019 | F | 1,184 | $10.65 | D | 429,373 | D | |
| Common StockF3,F2 | Mar 5, 2019 | A | 15,258 | $0.00 | A | 444,631 | D | |
| Common StockF4,F2 | Mar 5, 2019 | A | 23,965 | $0.00 | A | 468,596 | D | |
| Common StockF1,F2 | Mar 6, 2019 | F | 740 | $10.68 | D | 467,856 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares surrendered to Issuer for payment of tax liability upon vesting of restricted stock.
- F2Balance reflects adjustment for retirement plan shares.
- F3Time based shares that will vest in equal installments on the third, fourth and fifth anniversary of the grant date, subject to the NEO's continued employment on the vesting date (subject to certain exceptions).
- F4Restricted Stock granted pursuant to long-term incentive award under 16b-3 exemption. The shares issued are the target number of performance-based restricted stock that may be earned (in a range of 0% to 200% of the target number of shares issued) based on the achievement of a certain performance metric as of December 31, 2021. Any shares that are not earned on such date will be forfeited. The shares that are earned on such date will vest in one-third increments on each of the third, fourth and fifth anniversaries of the date of grant, subject to certain continued service conditions.